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RBI MPC LIVE 2024: Shaktikanta Das To Present Monetary Policy At 10 AM, Likely To Keep Repo Unchanged At 6.5% – Prime Time News24


Final Up to date: April 05, 2024, 07:02 IST

RBI MPC April 2024 Assembly LIVE: RBI Governor Shaktikanta Das will at the moment, April 5, current the most recent financial coverage assertion at 10 am. Within the first bimonthly financial coverage of 2024-25, Das is predicted to maintain the repo fee unchanged at 6.5 per cent for the seventh time in a row. After the coverage announcement, the RBI governor may also handle a press convention at 12:00 pm on Friday.

The 6-member RBI MPC’s 3-day assembly, which began on April 3, will conclude at the moment, following which the RBI governor will current the assertion.

The central financial institution final modified charges in February 2023, when the coverage fee was hiked to six.5 per cent.

Aside from asserting MPC’s choice on the repo fee, reverse repo fee and different coverage charges, Das may also talk about the present home in addition to international financial state of affairs.

India’s economic system grew a stellar 8.4 per cent within the fourth quarter of 2023, the quickest amongst main economies whereas retail costs in February rose at a faster-than-expected tempo of 5.09 per cent because of elevated meals costs, staying above the RBI’s 4 per cent goal.

In February, one among six financial coverage committee members voted for a reduce in coverage charges arguing that actual charges in India are too excessive since inflation is seen easing to a mean of 4.5% in 2024-25.

Headline inflation in India has remained above the central financial institution’s goal, core inflation has fallen beneath 4%, which some say could permit the central financial institution to sign coverage easing forward.

The present financial coverage stance is ‘withdrawal of lodging’, signalling that financial coverage will probably stay tight.

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